Equinor’s result for the third quarter 2023 – news Rogaland – Local news, TV and radio

The company states this in a stock exchange announcement. – Equinor delivered strong results and cash flow in a quarter affected by significantly lower gas prices than last year. Good operations contributed to high oil production from Johan Sverdrup and our international portfolio. This is what CEO Anders Opedal writes in the stock exchange announcement. In the previous quarter, the adjusted operating profit ended at 7.54 billion dollars, i.e. around 76 billion Norwegian kroner. CEO of Equinor, Anders Opedal. Photo: Lise Marit Kalstad / news This is how the second two quarters in 2023 ended: – Gas production from the Norwegian continental shelf was affected by planned maintenance and some extended audit shutdowns. We are continuing a significant capital distribution and will deliver a total distribution of USD 17 billion in 2023, Opedal continues. Although the quarter’s result is somewhat stronger than the second quarter, it is still a big drop from the same time last year, when the result for the third quarter showed 24.3 billion dollars. Continuing the green investment The company states in the announcement that it will continue to have a major focus on green conversion, including with the start of production from Dogger Bank, the world’s largest offshore wind farm. – Furthermore, we are expanding within land-based renewable power in Brazil and Poland, and investment in a stake in the Bayou Bend CCS project in the USA. With the approved plan for the electrification of Hammerfest LNG, and the start of power supply from shore to Gina Krog, we continue to reduce our own emissions, writes Opedal. Record year last year 2022 was a record good year for the oil giant. The energy crisis in Europe led to a result of NOK 234 billion after tax. This is how the results in the quarters were distributed for Equinor last year: Several have believed that Equinor and other oil and gas companies have profited from the war in Ukraine. At the time, Opedal replied that they could do nothing about the war, but that they could ensure that as much gas as possible reached Europe. With that, Europe became less dependent on Russian gas.



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